All building projects require considerable expense and planning, especially if they are of the commercial type. There are several stages into which to organize a construction project, you have to choose the site and make building plans based on what purpose you want to use it for. Once the architectural designs are approved, you will have to encounter a lot of paperwork and red tape to obtain planning and building permits, following which you will have to recruit a commercial construction company to carry out the actual task of building.
You could assign the entire task to a project management company who will either have their own team of architects, finance planners and construction workers work on them or outsource it to ancillary companies. Optionally, you could also handle each stage of the project planning yourself and hire people you think are best suited at each task. However, this would mean that you will have to be more deeply involved in each aspect, which will have demands on your time and energy.
Usually your architects may be to make recommendations about choosing a commercial construction company as they may themselves be associated with such businesses or work on freelance basis with them. Since they are more involved in the industry, they will be better aware of which companies provide quality work and it would be advisable to check out their suggestions. However, if you are recruiting from scratch and without much help, here are some tips to guide you in choosing the right construction company for your project. You are likely to be investing a lot of money into a building project and you want to make sure you choose wisely so that you get your money’s worth.
If you are looking around to hire a construction company, there will probably be many to choose from in your area. A simple Google search will churn out several results, not to mention the business cards and recommendations that will drop in when word gets out. Doing a little background research on the various companies and comparing the quotes they offer is the first thing you should do, especially if you got the information first hand.
It is usually a good policy to be wary of quotes that are exceptionally low. If you have been in the business long enough, you will have an idea of what the building materials and fair wages for the workers will cost you eventually. Even if you don’t, your project manager has probably put well researched estimates of these accounts into the budget planning. Base your judgment on these figures; if the price they are asking seems impossibly low, chances are that they intend to be cutting corners. However, a ridiculously low quote does not always mean that they are upto something fishy, they could also be a new company trying to get a toehold in the construction business in your area and thus discounting their first few deals.
One way to clarify and judge offers is to find any previous clients or clientele portfolio on the companies’ websites and read their testimonials about the company’s work and their experience with the team. Pay special attention to mentions of whether the company delivered their work on time and on budget and choose accordingly.
When you have selected the few best offers and shortlisted some potential companies, be sure to discuss all the details of the project in depth with and ask them any further questions or doubts you may have on the initial quote they offered. Make sure that they consider any additional costs they may incur in order to meet any specific aspects of your project.
This is a good time to negotiate the deal and decide on a final quote that is agreeable to both companies. Being the one with business to offer gives you an upper hand, you can get a better deal by threatening to take your money to their competitors. However, be realistic in your demands so as to not compromise on quality. When you have finalized the terms that you are both happy with, have your legal team ensure that the contract you draft clearly outlines the outcomes expected of the project and insists upon maintaining transparency in expenses incurred. Otherwise, you might end up with a substandard piece of work or be stuck with hidden surcharges at the end of the construction process. Even so, be prepared to access buffer funds just in case; it is not unheard of large scale building costs to go over the estimated budget by at least 10%.
While you are running checks on the company, be sure to find out if the owner of the construction company and the foreman of the building crew assigned o your project have adequate knowledge about the area’s rules and regulations for building commercial properties. This is because it may happen that the builders might have to make slight alterations to the approved designs. If they do, it is their responsibility to ensure that these alterations adhere to all the local legislations and that the completed construction will pass all regulatory checklists. If you stay sharp and be mindful of these few points, you should be able to select a construction company well suited to your building needs.
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